Schedule of investments
Delaware Small Cap Value Fund | August 31, 2023 (Unaudited) |
Number of shares | Value (US $) | ||
Common Stocks — 97.92% | |||
Basic Industry — 7.82% | |||
Ashland | 389,900 | $ 33,777,037 | |
Avient | 1,215,450 | 48,751,700 | |
Berry Global Group | 1,103,060 | 72,073,940 | |
HB Fuller | 945,550 | 68,580,741 | |
Huntsman | 1,704,100 | 47,493,267 | |
Louisiana-Pacific | 988,550 | 61,764,604 | |
Ryerson Holding | 877,450 | 27,323,793 | |
Summit Materials Class A † | 1,383,026 | 51,739,003 | |
411,504,085 | |||
Consumer Discretionary — 11.93% | |||
Acushnet Holdings | 931,400 | 54,533,470 | |
Adient † | 1,334,200 | 52,260,614 | |
Barnes Group | 1,304,200 | 51,255,060 | |
Choice Hotels International | 298,300 | 37,854,270 | |
Columbia Sportswear | 598,100 | 43,864,654 | |
Group 1 Automotive | 217,010 | 57,381,784 | |
KB Home | 1,131,900 | 57,500,520 | |
Meritage Homes | 528,000 | 73,413,120 | |
Oxford Industries | 266,300 | 26,893,637 | |
Steven Madden | 1,196,025 | 41,262,863 | |
TEGNA | 2,295,100 | 37,938,003 | |
Texas Roadhouse | 392,550 | 40,864,455 | |
UniFirst | 299,470 | 52,745,651 | |
627,768,101 | |||
Consumer Staples — 3.62% | |||
Flowers Foods | 1,375,900 | 32,416,204 | |
Hostess Brands † | 1,801,200 | 51,298,176 | |
J & J Snack Foods | 403,500 | 65,419,455 | |
Performance Food Group † | 665,322 | 41,336,456 | |
190,470,291 | |||
Energy — 8.60% | |||
CNX Resources † | 1,491,800 | 33,341,730 | |
EnLink Midstream | 4,429,800 | 55,106,712 | |
Liberty Energy | 3,859,000 | 61,551,050 | |
Magnolia Oil & Gas Class A | 3,038,800 | 69,284,640 | |
Matador Resources | 993,350 | 63,077,725 | |
Murphy Oil | 1,603,100 | 72,780,740 | |
Patterson-UTI Energy | 3,648,500 | 51,589,790 | |
PBF Energy Class A | 977,100 | 45,816,219 | |
452,548,606 |
NQ- 021 [0823] 1023 (3151749) 1
Schedule of investments
Delaware Small Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Financial Services — 23.00% | |||
Assurant | 436,100 | $ 60,761,813 | |
Axis Capital Holdings | 924,500 | 50,718,070 | |
Bank of NT Butterfield & Son | 1,116,100 | 32,500,832 | |
Bread Financial Holdings | 844,600 | 31,740,068 | |
Cadence Bank | 1,866,450 | 42,704,376 | |
Columbia Banking System | 2,676,661 | 54,818,017 | |
Comerica | 629,600 | 30,290,056 | |
East West Bancorp | 1,207,973 | 66,849,226 | |
Essent Group | 1,143,100 | 57,406,482 | |
First Financial Bancorp | 2,151,800 | 44,714,404 | |
First Interstate BancSystem Class A | 1,337,422 | 34,652,604 | |
FNB | 6,427,050 | 74,746,592 | |
Hancock Whitney | 2,094,250 | 86,387,812 | |
Hanover Insurance Group | 449,750 | 47,997,320 | |
Hope Bancorp | 3,687,040 | 35,653,677 | |
Sandy Spring Bancorp | 964,625 | 21,453,260 | |
Selective Insurance Group | 439,606 | 43,613,311 | |
Stewart Information Services | 840,900 | 38,950,488 | |
Stifel Financial | 1,402,000 | 91,158,040 | |
Synovus Financial | 1,889,550 | 58,500,468 | |
Valley National Bancorp | 8,959,900 | 82,251,882 | |
Washington Federal | 1,344,300 | 36,538,074 | |
Webster Financial | 2,033,910 | 86,258,123 | |
1,210,664,995 | |||
Healthcare — 3.37% | |||
Avanos Medical † | 161,520 | 3,398,381 | |
Globus Medical Class A † | 574,100 | 31,058,810 | |
Integer Holdings † | 651,100 | 55,545,341 | |
Integra LifeSciences Holdings † | 1,032,500 | 43,922,550 | |
Prestige Consumer Healthcare † | 749,100 | 43,695,003 | |
177,620,085 | |||
Industrials — 14.85% | |||
Atkore † | 686,800 | 105,746,596 | |
CACI International Class A † | 188,100 | 61,698,681 | |
Concentrix | 332,100 | 26,511,543 | |
H&E Equipment Services | 1,040,900 | 47,173,588 | |
ITT | 1,001,230 | 102,405,804 | |
KBR | 1,086,672 | 66,852,062 | |
MasTec † | 938,329 | 93,354,352 |
2 NQ- 021 [0823] 1023 (3151749)
(Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Industrials (continued) | |||
Regal Rexnord | 325,139 | $ 52,734,294 | |
Terex | 984,850 | 59,691,759 | |
Timken | 655,350 | 50,081,847 | |
WESCO International | 306,000 | 49,526,100 | |
Zurn Elkay Water Solutions | 2,228,800 | 66,017,056 | |
781,793,682 | |||
Real Estate Investment Trusts — 7.44% | |||
Agree Realty | 676,550 | 41,824,321 | |
Apple Hospitality REIT | 3,155,500 | 47,395,610 | |
Independence Realty Trust | 2,785,790 | 46,884,846 | |
Kite Realty Group Trust | 1,845,664 | 41,656,636 | |
LXP Industrial Trust | 5,539,000 | 54,392,980 | |
National Health Investors | 742,950 | 37,987,034 | |
Outfront Media | 2,883,400 | 32,726,590 | |
Spirit Realty Capital | 1,256,050 | 48,496,090 | |
Tricon Residential | 4,746,800 | 40,252,864 | |
391,616,971 | |||
Technology — 11.31% | |||
Belden | 659,900 | 61,964,610 | |
Cirrus Logic † | 629,800 | 51,668,792 | |
Diodes † | 669,800 | 54,823,130 | |
Flex † | 2,854,210 | 78,747,654 | |
Leonardo DRS † | 2,251,100 | 38,538,832 | |
NCR † | 696,928 | 21,437,505 | |
NetScout Systems † | 1,342,806 | 38,444,536 | |
Power Integrations | 759,400 | 63,804,788 | |
TD SYNNEX | 385,000 | 39,173,750 | |
TTM Technologies † | 3,726,102 | 55,518,920 | |
Viavi Solutions † | 3,209,700 | 33,541,365 | |
Vishay Intertechnology | 2,101,000 | 57,651,440 | |
595,315,322 | |||
Transportation — 2.50% | |||
Kirby † | 540,700 | 44,786,181 | |
Saia † | 61,350 | 26,147,370 | |
Werner Enterprises | 1,455,600 | 60,567,516 | |
131,501,067 | |||
Utilities — 3.48% | |||
ALLETE | 873,700 | 47,966,130 | |
Black Hills | 1,015,190 | 55,835,450 |
NQ- 021 [0823] 1023 (3151749) 3
Schedule of investments
Delaware Small Cap Value Fund (Unaudited)
Number of shares | Value (US $) | ||
Common Stocks (continued) | |||
Utilities (continued) | |||
OGE Energy | 1,180,900 | $ 40,209,645 | |
Southwest Gas Holdings | 629,000 | 38,953,970 | |
182,965,195 | |||
Total Common Stocks (cost $3,707,369,251) | 5,153,768,400 | ||
Short-Term Investments — 2.14% | |||
Money Market Mutual Funds — 2.14% | |||
BlackRock Liquidity FedFund – Institutional Shares (seven-day effective yield 5.22%) | 28,111,957 | 28,111,957 | |
Fidelity Investments Money Market Government Portfolio – Class I (seven-day effective yield 5.21%) | 28,111,957 | 28,111,957 | |
Goldman Sachs Financial Square Government Fund – Institutional Shares (seven-day effective yield 5.36%) | 28,111,957 | 28,111,957 | |
Morgan Stanley Institutional Liquidity Funds Government Portfolio – Institutional Class (seven-day effective yield 5.25%) | 28,111,957 | 28,111,957 | |
Total Short-Term Investments (cost $112,447,828) | 112,447,828 | ||
Total Value of Securities—100.06% (cost $3,819,817,079) | 5,266,216,228 | ||
Liabilities Net of Receivables and Other Assets—(0.06%) | (3,263,392) | ||
Net Assets Applicable to 75,174,149 Shares Outstanding—100.00% | $5,262,952,836 |
† | Non-income producing security. |
Summary of abbreviations: |
REIT – Real Estate Investment Trust |
4 NQ- 021 [0823] 1023 (3151749)